Nicaragua Remittance Report - Q1 2025
In the first quarter of 2025, the flow of remittances received from abroad totaled 1,441.3 million U.S. dollars, registering a year-over-year growth of ↑ 26.3%, equivalent to 300.4 million dollars more than in the same quarter of 2024. The average amount received per transaction was US$ 264.3, an increase of 8.8% compared to the same period in 2024 (US$ 242.9). Additionally, the number of transactions rose by 16.1% year-over-year.
The main countries of origin for remittances in Q1 2025 were:
Together, these countries accounted for 98.2% of the total received during the quarter.
During the quarter, remittance flows from the United States (US$1,208.0 million) registered an increase of ↑ 29.8% (+US$227.3 million) compared to the same period in 2024 (US$930.7 million), due to a 17.5% increase in the number of transactions, and a 10.5% increase in the average remittance amount, which stood at $293.0 (US$265.2 in the first quarter of 2024).
Remittance flows from Costa Rica (US$107.4 million) reflected an increase of ↑ 18.7% (+US$16.9 million) compared to what was recorded in the first quarter of 2024 (US$90.5 million). The average amount per transaction was $137.6, 4.0% higher than recorded in the same quarter of 2024 (US$132.3); and the number of transactions reflected a year-over-year increase of 14.1%.
Remittances from Spain (US$77.6 million), these showed an increase of ↑ 12.1% (+US$8.4 million) compared to the same period in 2024 (US$69.2 million). Although the average amount received, which was $280.1, was 1.6% lower compared to the same quarter of 2024 (US$284.7), the number of transactions increased by 14.0% year-over-year.
Source: BCN (Banco Central Nicaragua) & Remittance Operators